wazua Fri, Apr 17, 2026
Welcome Guest Search | Active Topics | Log In

251 Pages«<1718192021>»
Housing Finance: HFCK a diamond in the rough
Options
Previous Topic · Next Topic
guru267
#181 Posted : Wednesday, September 19, 2012 1:14:42 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:

@guru, KYI - Know Your Investments

Most banks have cut their base rate—which means that their real lending rates are higher since they charge a premium to borrowers that is added onto the quoted rate based on the evaluation of the customers’ default risk.


@mwekez@ji from the above post i gather you are saying that HFCK does not have a mechanism of differentiating the default risks of various customers and hence offers a uniform effective rate.

This scares me very much about the quality of the balance sheet because Doesn't it mean that all the high potential defaulters are running to HFCK for cheap debt that cannot be found elsewhere??
Mark 12:29
Deuteronomy 4:16
Back to top
  |
mwekez@ji
#182 Posted : Wednesday, September 19, 2012 2:08:50 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
guru267 wrote:
mwekez@ji wrote:
guru267 wrote:
mwekez@ji wrote:
guru267 wrote:
mwekez@ji wrote:
BTW, rates given by HF are the effective rates. No risk premium is loaded thereafter


Are you saying that a banker with a mortgage in Runda will pay the same effective rate as a civil servant with a mortgage in umoja?


What a question! You should know there are special classes of borrowers who enjoy lower rate than the effective rate that is made public.

BOTTOM LINE:
1. HF does not load risk premium on the effective rate
2. HF will continue to be the preferred mortgage lender
3. HF will continue winning market share

.


Does no one in HFCK pay above the effective rate??

Just curious! Where did you find out about HFs lack of a risk premium??


@guru, KYI - Know Your Investments

Housing Finance reduces lending rate to 18 per cent

“Ours is an effective rate and it’s the level at which we lend to customers as opposed to the base rate. The lower cost of borrowing will help to turnaround our loan book,” said Frank Ireri Housing Finance managing director.

Most banks have cut their base rate—which means that their real lending rates are higher since they charge a premium to borrowers that is added onto the quoted rate based on the evaluation of the customers’ default risk.

http://www.businessdailyafrica....14/-/uotnai/-/index.html

@mwekez@ji from the above post i gather you are saying that HFCK does not have a mechanism of differentiating the default risks of various customers and hence offers a uniform effective rate.

This scares me very much about the quality of the balance sheet because Doesn't it mean that all the high potential defaulters are running to HFCK for cheap debt that cannot be found elsewhere??


SMH! You got it all wrong and that is very scary. A guru of your status should know better. Only then will you comprehend the unique lending models adopted by HFCK and why it will continue being the leader of the mortgage industry with good quality assets.
Back to top
  |
mwekez@ji
#183 Posted : Wednesday, September 19, 2012 2:12:20 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
t-godd wrote:
@mwekezaji, who are the share registrars of HFCK? Could you please provide their contacts? Thanks.


HFCK themselves. They sit in Rehani House, Kenyatta Avenue. Contact: Shares.department@housing.co.ke
Back to top
  |
t-godd
#184 Posted : Wednesday, September 19, 2012 2:26:59 PM
Rank: New-farer

Joined: 8/14/2010
Posts: 28
Location: Limuru
mwekez@ji wrote:
t-godd wrote:
@mwekezaji, who are the share registrars of HFCK? Could you please provide their contacts? Thanks.


HFCK themselves. They sit in Rehani House, Kenyatta Avenue. Contact: Shares.department@housing.co.ke


Asante.
L-TOWNS OWN SINCE '90
Back to top
  |
mlennyma
#185 Posted : Wednesday, September 19, 2012 3:08:29 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@T-godd ask me am from there kukula doo-they do it themselves shares dept. Tel 3262316/314/322 email: shares.department@housing.co.ke
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
hisah
#186 Posted : Wednesday, September 19, 2012 3:33:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
I continue to fancy the volume spread. 2,014,300 shares traded today. Last week 1M shares were traded. Closed @13.25/-

The rebound will be snappish when it comes.


Vol - 1,123,400 and closing VWAP @13.35/-
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
mlennyma
#187 Posted : Wednesday, September 19, 2012 3:48:26 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Where is this huge volume coming from and the price is depressed?
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
guru267
#188 Posted : Wednesday, September 19, 2012 6:10:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mwekez@ji wrote:
You got it all wrong and that is very scary. A guru of your status should know better. Only then will you comprehend the unique lending models adopted by HFCK and why it will continue being the leader of the mortgage industry with good quality assets.


Help me understand what I have got all wrong!

You were the one that said all customers of HFCK pay one effective rate!
You were the one that said that HFCK did not attach risk premiums to their dear customers

Which unique lending models calculate ONE rate for all customers?? It sounds pretty basic to me! smile
Mark 12:29
Deuteronomy 4:16
Back to top
  |
hisah
#189 Posted : Wednesday, September 19, 2012 6:47:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Where is this huge volume coming from and the price is depressed?

A market has market makers...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#190 Posted : Wednesday, September 19, 2012 6:49:07 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
High Court Ruling In Mortgage Dispute - http://www.the-star.co.k...to-kenya-to-do-business

Quite interesting this case. Now with the new land laws, the hammer has swung to the client with the banks becoming the anvil... Oh, that pounding will hurt...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
251 Pages«<1718192021>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.